Condor International: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Condor International
Largest movements
- Receivables within one year +€65,714
up €65,714 (+13.4%), from €490,421 to €556,135
of which Other amounts receivable: +€69,306
- Cash -€24,539
down €24,539 (-98.1%), from €25,009 to €470
mainly Net result for the year (-€119,749) and Receivables within one year (-€65,714)
- Other debts +€211,015
up €211,015 (+136.5%), from €154,619 to €365,634
- Profit (loss) carried forward -€119,749
down €119,749, from €85,161 to -€34,588
- Short-term financial debts -€38,716
down €38,716 (-35.1%), from €110,424 to €71,707
of which Other loans: -€102,924
- Trade debts -€12,391
down €12,391 (-31.0%), from €39,953 to €27,563
- Gross operating margin -€113,233
down €113,233 (-53.7%), from €210,858 to €97,625
- Write-downs +€32,071
up €32,071 (+106.9%), from €30,014 to €62,085
- Staff costs -€22,928
down €22,928 (-14.8%), from €154,970 to €132,041
- Financial income -€3,608
down €3,608 (-27.4%), from €13,180 to €9,572
- Other operating charges -€2,544
down €2,544 (-60.6%), from €4,198 to €1,653
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €604,314 | €639,915 | +€35,601 | +5.9% |
| Fixed assets | 21/28 | €84,931 | €79,034 | -€5,896 | -6.9% |
| Tangible fixed assets | 22/27 | €64,394 | €58,018 | -€6,376 | -9.9% |
| Land and buildings | 22 | €38,759 | €37,017 | -€1,742 | -4.5% |
| Plant, machinery and equipment | 23 | €23,748 | €20,452 | -€3,296 | -13.9% |
| Furniture and vehicles | 24 | €1,887 | €548 | -€1,338 | -70.9% |
| Financial fixed assets | 28 | €20,537 | €21,017 | +€480 | +2.3% |
| Current assets | 29/58 | €519,383 | €560,881 | +€41,497 | +8.0% |
| Amounts receivable within one year | 40/41 | €490,421 | €556,135 | +€65,714 | +13.4% |
| Trade receivables | 40 | €357,014 | €353,422 | -€3,592 | -1.0% |
| Other amounts receivable | 41 | €133,407 | €202,713 | +€69,306 | +52.0% |
| Cash at bank and in hand | 54/58 | €25,009 | €470 | -€24,539 | -98.1% |
| Deferred charges and accrued income | 490/1 | €3,954 | €4,276 | +€322 | +8.1% |
| Total equity and liabilities | 10/49 | €604,314 | €639,915 | +€35,601 | +5.9% |
| Equity | 10/15 | €167,661 | €47,912 | -€119,749 | -71.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,161 | -€34,588 | -€119,749 | |
| Amounts payable | 17/49 | €436,653 | €592,003 | +€155,349 | +35.6% |
| Amounts payable within one year | 42/48 | €427,971 | €583,218 | +€155,247 | +36.3% |
| Financial debts | 43 | €110,424 | €71,707 | -€38,716 | -35.1% |
| Credit institutions | 430/8 | €7,500 | €71,707 | +€64,207 | +856.1% |
| Other loans | 439 | €102,924 | - | -€102,924 | |
| Trade debts | 44 | €39,953 | €27,563 | -€12,391 | -31.0% |
| Suppliers | 440/4 | €39,953 | €27,563 | -€12,391 | -31.0% |
| Taxes, remuneration and social security | 45 | €122,975 | €118,314 | -€4,662 | -3.8% |
| Taxes | 450/3 | €59,074 | €63,588 | +€4,515 | +7.6% |
| Remuneration and social security | 454/9 | €63,902 | €54,726 | -€9,176 | -14.4% |
| Other amounts payable | 47/48 | €154,619 | €365,634 | +€211,015 | +136.5% |
| Accrued charges and deferred income | 492/3 | €8,682 | €8,785 | +€102 | +1.2% |
| Non-recurring operating income | 76A | €2,621 | - | -€2,621 | |
| Remuneration, social security and pensions | 62 | €154,970 | €132,041 | -€22,928 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,515 | €6,376 | -€1,138 | -15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €30,014 | €62,085 | +€32,071 | +106.9% |
| Other operating charges | 640/8 | €4,198 | €1,653 | -€2,544 | -60.6% |
| Non-recurring operating charges | 66A | €1,373 | €4,563 | +€3,190 | +232.2% |
| Gross operating margin | 9900 | €210,858 | €97,625 | -€113,233 | -53.7% |
| Operating profit (loss) | 9901 | €12,788 | -€109,095 | -€121,882 | |
| Financial income | 75/76B | €13,180 | €9,572 | -€3,608 | -27.4% |
| Recurring financial income | 75 | €13,180 | €9,572 | -€3,608 | -27.4% |
| Financial charges | 65/66B | €19,514 | €20,226 | +€712 | +3.6% |
| Recurring financial charges | 65 | €19,514 | €20,226 | +€712 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €6,454 | -€119,749 | -€126,202 | |
| Income taxes | 67/77 | €21 | - | -€21 | |
| Profit (loss) for the period | 9904 | €6,432 | -€119,749 | -€126,181 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,432 | -€119,749 | -€126,181 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.